Global Lighting Contactor Market

1
Global Lighting Contactor Market was valued at
US 669.95 Mn in 2017 and is expected to reach
US 1490.80 Mn by 2026, at a CAGR of 10.52
during a forecast period. Global Lighting
Contactor Market
Lighting contactors are relay switches, which
control the flow of electricity through a circuit
running the lighting. They can control circuits
with higher voltages, which can be unsafe to the
operator. A lighting contactor switch functions
at a lower but safer load and used to controls
the high voltage and current circuit using an
electromagnet. The growing requirement for
energy efficiency is the major key drivers of the
global lighting contactor market. The
governments of various countries are focusing to
adopt LED lighting to upsurge energy efficiency,
which helps to reduce the maintenance and
utilization cost. Lighting control systems shrink
the energy consumption by enhancing ambient
light levels as per the consumers needs.
Government initiatives for the project for
energy saving and expansion of smart cities are
major opportunities in the global lighting
contactor market. Lighting contactors are used
extensively in commercial arrangements includes
corporate offices, healthcare and retail
complexes, hotels, restaurants, and educational
institutes. Lighting control systems involve
lighting contactors for regulatory lights, which
require normal on and off operation. An upsurge
in the adoption of energy-efficient lighting is
expected to boost the lighting contactor
market. Furthermore, a high cost of installation
and lack of standard regulatory framework are
limiting the market growth.
2

• The electrically held segment is expected to grow
  at a high rate of CAGR during the forecast
  period. These contactors require a continuous
  flow of power for constant operation. If the
  power is lost, the contactors detach the light
  from the circuit. A constant current flow is
  compulsory to keep the contactor energized.
  These contactors are soundless and ingest less
  amount of control power compared with other
  contactors. They are mainly used in smart housing
  complexes and commercial and industrial
  segments. These factors are expected to increase
  demand for electrically held contactors over
  mechanically held contactors.
• Europe is expected to lead the global lighting
  contactor market during the forecast period. The
  growing demand for lighting control systems is
  expected to increase demand for lighting
  contactor. Increasing focus towards green city
  projects with the benefits such as energy
  efficiency in most of the European countries is
  expected to drive lighting contactor market
  growth. The region is focusing to meet target
  includes the 20 energy savings by 2020. The
  end-user applications such as historical
  buildings, architectural sites, and hospitality
  businesses contribute to the improved demand for
  innovative lighting solutions.
• The objective of the report is to present a
  comprehensive assessment of the market and
  contains thoughtful insights, facts, historical
  data, industry-validated market data and
  projections with a suitable set of assumptions
  and methodology. The report also helps in
  understanding dynamics, structure by analyzing
  the market segments by material, type, end-user
  and region and, project the global market size.
  The report also provides a clear representation
  of competitive analysis of key players by
  product, price, financial position, product
  portfolio, growth strategies, and regional
  presence in the Lighting Contactor Market. The
  report also provides PEST analysis, PORTERs
  analysis, SWOT analysis to address the question
  of shareholders in arranging the efforts and
  investment in the near future to a particular
  market segment.
• Scope of the Report for Global Lighting Contactor
  Market
• Global Lighting Contactor Market, By Type
• Mechanically Held
• Electrically Held
• Global Lighting Contactor Market, By Application
• Indoor

3

• Commercial
• Industrial
• Smart Residential Complexes
• Municipal
• Global Lighting Contactor Market, By Geography
• North America
• Europe
• Asia Pacific
• Middle East Africa
• South America
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